A mortgage rate is the interest rate added to a mortgage. The lender determines the mortgage rate, which may be fixed, remaining constant for the duration of the loan, or variable, varying with a benchmark interest rate. Mortgage rates fluctuate dependent on a borrower’s credit score.


Choose right program
Rate shopping

Choose right program

Real estate trends may urge you to rush into a purchase before the market becomes more competitive; however, you should still be patient! It's worth it to purchase your first house the proper way. This means picking one that aligns with your financial objectives, not against them. Finding the right housing program for you will undoubtedly help... read more >

Rate shopping

At least three to five lenders' interest rates must be compared while shopping around for refinancing rates. Refrain from relying on more than stated internet rates since they are just an example and are often based on an ideal borrower profile. Your rates may differ based on your financial situation and loan type. Fill out loan applications with many lenders to determine which can provide you with the best terms. Additionally, attempt to get quotes on the same day to compare apples to apples... read more >

Rates are always changing,
is now the best time for you?

We’ll help you understand your options so you can feel confident in your decision. Mortgage Daily is a trusted resource, used by millions of Americans daily, to help navigate the complicated world of mortgages, refinances, and the home buying and selling process. Let’s start here.

Refinance Your Home. When Is The Best Time?

Evaluate your financial situation and determine if a refinance could help you save. Consider lower interest rate, shorter loan term, access equity, long-term savings, and costs/fees. The best time is when it makes sense for your goals.

Purchase a Home. Take it 1 step at a time.

Evaluate your needs and finances to make sure you’re ready. Consider down payment, loan terms, monthly payments, closing costs, and other factors. You’re ready when you can afford it and it makes sense for your goals.

Selling Your Home. It’s Not Hard, Let’s Break It Down

Ready to sell? Evaluate the market and make sure you’re ready. Consider home improvements, pricing, taxes, closing costs, and other factors. You’re ready when you can maximize your return and it makes sense for your goals.